Updated Dec 4, 2024
Tony Huang Acquires Newport Coast Mansion For $38M With Michelle Linovitz And Marcy Weinstein
20 Coastline Drive
$38,000,000
$2,072/SF
Building Size
18,336 SF
Asset Type
Single Family
Closing
May 13, 2024
About this deal
AI
The single-family property located at 20 Coastline Drive in Newport Coast with a total of 0.78 acres was recently sold for $38,000,000. The transaction involved a spacious 18,336 square feet home, equating to a price per square foot of $2,072. The sale was finalized on 05/13/2024 and set a record as Orange County's most expensive home sale this year.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $38,000,000
- Address: 20 Coastline Drive
- Market: Newport Coast
- Buyer: Tony Huang
- Seller: Thomas & Annette Haigh
- Buyer's Rep: Michelle Linovitz - Coldwell Banker
- Seller's Rep: Marcy Weinstein & Rex McKown - Compass
The $38 million mansion was bought by a trust linked to Tony Huang from Las Vegas-based. The property was previously owned by Thomas and Annette Haigh, who acquired the land for $8.5 million and constructed the luxurious home. The deal, which was not publicly marketed, was facilitated by Compass and Coldwell Banker Realty, representing the seller and buyer, respectively.
On the Map
$38,000,000
$2,072/SF
Single Family
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Players
Newport Coast Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $2.1K per square foot on a published $38M for 18,336 square feet (2024).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.42%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93